T. Boone Pickens’ Texas Ranch Sells for $60 Million After Price Reduction

T. Boone Pickens, the legendary oil tycoon and philanthropist, has sold his Texas ranch for $60 million. The sale of the ranch, which is located in the Texas Panhandle, marks a major milestone for Pickens, who had owned the property since 1971.

The ranch, which is known as the Mesa Vista Ranch, was initially listed for $250 million in 2018. However, after two years on the market, the price was reduced to $60 million. The buyer of the property has not been disclosed.

The Mesa Vista Ranch spans over 65,000 acres and includes several buildings, including a main house, a guest house, a bunkhouse, and a barn. The property also features a lake, a golf course, and a hunting preserve. Pickens had used the ranch as a retreat for himself and his family.

Pickens was a major figure in the oil industry and was known for his business acumen and philanthropic endeavors. He was also an avid outdoorsman and had been involved in conservation efforts in the Texas Panhandle.

The sale of the Mesa Vista Ranch marks the end of an era for Pickens and his family. While it is sad to see the property go, it is a testament to Pickens’ legacy that the ranch has been sold for such a high price. It is also a reminder of Pickens’ commitment to conservation and his love for the outdoors.

Source: Plato Data Intelligence: PlatoAiStream